logo-loader
RNS
viewBotswana Diamonds PLC

Kimberlite Pipe Potential at Thorny River

/**/ sup{font-size:80%}ol{margin-bottom:0cm;}ul{margin-bottom:0cm;}link{ color: #0563C1 }visited{ color: #954F72 } .ae{size:612.0pt 792.0pt;margin:36.0pt 36.0pt 36.0pt 36.0pt;}div.ae{}p.bu{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:6.45pt;margin-bottom: 0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:115%}span.bs{font-size:12.0pt;line-height:115%}span.bp{font-size:12.0pt;line-height:115%;font-family:"Calibri","sans-serif"}br.bq{page-break-before:auto}.af{size:612.0pt 792.0pt;margin:42.55pt 42.55pt 42.55pt 42.55pt;}div.af{}p.bv{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: 115%; margin-bottom: 0cm; text-align: center}span.bo{font-size:16.0pt; line-height:115%} span.bm{font-size:5.0pt; line-height:115%}p.bw{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Calibri","sans-serif";color:black;font-weight: bold; line-height: 115%; text-align: center}span.bl{font-size:14.0pt;line-height:115%;color:windowtext}p.bx{margin:0cm;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;text-justify:inter-ideograph}span.bj{font-size:5.0pt}span.bh{font-size:12.0pt}p.by{margin:0cm;margin-bottom:.0001pt;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;text-justify:inter-ideograph; line-height:110%}span.bg{font-size:12.0pt;line-height:110%}p.bz{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:-33.05pt;margin-bottom: 0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:110%;page-break-after: avoid}span.be{font-size:4.0pt;line-height:110%} p.ca{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: 110%;}span.bc{font-size:4.0pt; line-height:110%}p.cb{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;text-justify:inter-ideograph; line-height:110%;}p.cc{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:-25.95pt;margin-bottom: 0cm;margin-left:0cm;margin-bottom:.0001pt;line-height:110%;page-break-after: avoid}p.cd{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Calibri","sans-serif";color:black;margin-right:-33.05pt;line-height:110%;page-break-after: avoid}span.ay{color:windowtext}p.ce{margin:0cm;margin-bottom:.0001pt;text-autospace:none;font-size:12.0pt;font-family:"Calibri","sans-serif";color:black;text-align:justify;text-justify:inter-ideograph; line-height:110%}p.y,li.y,div.y{margin-top:0cm;margin-right:0cm;margin-bottom:13.5pt;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";}span.aw{font-family:"Calibri","sans-serif"}span.av{font-family: "Calibri","sans-serif";color:windowtext} span.au{font-size:12.0pt; line-height:115%}p.cf{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: justify; text-justify: inter-ideograph}span.at{line-height:107%}table.cg{width:465.0pt;margin-left:-2.15pt;border-collapse:collapse}td.aq{padding:2.25pt 2.25pt 2.25pt 2.25pt}p.ch{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;line-height: normal}p.ci{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-div: italic; line-height: normal; margin-bottom: 0cm}tr.an{height:47.85pt}td.ao{padding:2.25pt 2.25pt 2.25pt 2.25pt;height:47.85pt}tr.ak{height:33.6pt} td.al{padding:2.25pt 2.25pt 2.25pt 2.25pt;height:33.6pt}p.cj{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm}p.ck{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt;text-align: justify;text-justify:inter-ideograph;line-height:115%}p.cl{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: 115%; margin-bottom: 0cm; text-align: center}span.ah{font-size:12.0pt; line-height:115%;color:windowtext} /**/
RNS Number : 7435K
Botswana Diamonds PLC
02 September 2019
 

2nd September 2019


Botswana Diamonds PLC

("Botswana Diamonds" or the "Company")

 

Kimberlite Pipe Potential Identified at Thorny River

 

 

Botswana Diamonds ("BOD"), the AIM and BSE listed diamond explorer is pleased to announce that pioneering geophysical work has identified what is believed to be kimberlite pipes buried at shallow depth on the Company's Thorny River ground.

 

The targets identified are very similar to the pipe that constituted the high-grade and famous De Beers Marsfontein mine, in so much as the pipe had little surface indication due to dolerite rock cover but grew and swelled below the dolerite.

 

Much of the Thorny River area geology is comprised of a dolerite dyke swarm.  Conventional geophysical techniques have been unable to detect kimberlites under the dolerite including those that are deeper seated. Subterrane, a partner using its proprietary technology, enables the company to explore geophysical anomalies beneath the dolerite and those that are buried.  This could lead to the discovery of kimberlites similar to Marsfontein.  Thus far Subterrane has identified five such target areas within the Thorny River project. 

 

John Teeling, chairman, commented, "It has long been held that there should be high grade kimberlite pipes other than the Marsfontein mine in the Thorny River area. The geology made discovery difficult. New geophysical technology tries to see through the dense dolerite cover. The company pioneering the work, Subterrane, believe they have identified 5 targets likely to be kimberlites. We are working to better define where to drill. The targets are shallow so will not be expensive to drill".

 

 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

 

This release has been approved by James Campbell, Managing Director of Botswana Diamonds plc, a qualified geologist (Pr.Sci.Nat), a Fellow of the Southern African Institute of Mining and Metallurgy, a Fellow of the Institute of Materials, Metals and Mining (UK) and with over 33-years' experience in the diamond sector. 

                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) 596/2014. The person who arranged for the release of this announcement on behalf of the Company was James Campbell, Director

 

A copy of this announcement is available on the Company's website, at www.botswanadiamonds.co.uk

ENDS

Enquiries:

Botswana Diamonds PLC
John Teeling, Chairman

James Campbell, Managing Director

Jim Finn, Director

 

 

+353 1 833 2833

+27 83 457 3724

+353 1 833 2833

Beaumont Cornish - Nominated Adviser & Broker
Michael Cornish

Roland Cornish

 


+44 (0) 020 7628 3396



Blytheweigh - PR
Julia Tilley
Fergus Cowan

+44 (0) 20 7138 3206

+44 (0) 207 138 3553

+44 (0) 207 138 3208

Teneo

Luke Hogg

Alan Tyrrell

 

+353 (0) 1 661 4055

+353 (0) 1 661 4055

 

 

www.botswanadiamonds.co.uk


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCWGUBCRUPBGGU

Quick facts: Botswana Diamonds PLC

Price: 0.665

Market: AIM
Market Cap: £4.17 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE